performance analysis - bank of baroda · © 2017 bank of baroda. ... recovery from pwo 24 104 221...

Performance AnalysisQ3, FY 2017

February 10, 2017

Performance Highlights: Q3 FY 17

© 2017 Bank of Baroda. All Rights Reserved. Page | 2

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Operating Profit at INR 2,595 crore, up by 52.29% Y-o-Y. Profit after Tax at INR 253 crore

CASA deposits grew by 43% ( Y-o-Y) and 28% (Q-o-Q). Moderate deposit growth in domestic operations (6.06% Y-o-Y and 8.24% Q-o-Q) takes into account impact of demonetization inflows and repayment of FCNR (B) deposits during the quarter

Gross NPA level during the quarter end was below June 2016 & September 2016 levels

Provision Coverage Ratio (PCR) improved to 64.50% in December 2016 up from 62.95% in September 2016, 60.17% in June 2016 and 60.09% in March 2016

CRAR (Basel III) at 12.55% and CET 1 at 9.28%

Turnaround in domestic credit growth during the quarter with modest credit growth

of 1.45% (Q-o-Q)

Business Performance (1/2)

Particulars

(INR crore)Dec ’15 Mar ’16 Sep ’16 Dec ’16 YOY (%) QOQ (%)

Total Business9,73,959 9,57,808 9,21,681 9,39,819 (3.51) 1.97

Domestic 6,72,269 6,58,112 6,51,264 6,88,137 2.36 5.66

International 3,01,690 2,99,696 2,70,416 2,51,682 (16.58) (6.93)

Total Deposits 5,89,687 5,74,038 5,67,531 5,89,859 0.03 3.93

Domestic 4,13,082 3,94,844 4,04,770 4,38,104 6.06 8.24

International 1,76,605 1,79,194 1,62,761 1,51,755 (14.07) (6.76)

CASA Deposits 1,41,523 1,51,335 1,56,760 1,96,236 38.66 25.18

Domestic 1,23,796 1,32,539 1,38,553 1,77,259 43.19 27.94

International 17,727 18,796 18,207 18,977 7.05 4.23

Advances (Net) 3,84,272 3,83,770 3,54,150 3,49,960 (8.93) (1.18)

Domestic 2,59,187 2,63,268 2,46,494 2,50,033 (3.53) 1.44

International 1,25,085 1,20,502 1,07,655 99,927 (20.11) (7.18)

Terminal Figures


Business Performance (2/2)

Particulars

(INR crore)Dec ’15 Mar ’16 Sep ’16 Dec ’16 YOY (%) QOQ(%)

Total Business 9,93,584 9,68,697 9,29,669 9,45,658 (4.82) 1.72

Domestic 6,81,855 6,77,668 6,64,732 6,88,641 1.00 3.60

International 3,11,729 2,91,029 2,64,937 2,57,017 (17.55) (2.99)

Total Deposits 5,87,116 5,69,514 5,52,714 5,72,946 (2.41) 3.66

Domestic 4,12,661 4,04,849 3,99,228 4,22,136 2.30 5.74

International 1,74,455 1,64,665 1,53,486 1,50,810 (13.55) (1.74)

CASA Deposits 1,36,609 1,41,309 1,50,834 1,73,795 27.22 15.22

Domestic 1,19,039 1,23,982 1,34,243 1,56,547 31.51 16.61

International 17,570 17,327 16,591 17,248 (1.83) 3.96

Advances (Gross) 4,06,468 3,99,183 3,76,955 3,72,712 (8.30) (1.13)

Domestic 2,69,194 2,72,819 2,65,504 2,66,505 (1.00) 0.38

International 1,37,274 1,26,364 1,11,451 1,06,207 (22.63) (4.71)

Average Figures


* Average business data is based on daily averages for the respective quarter.

CASA Deposits (1/2)


Particulars


Total Saving Deposits1,10,060 1,16,705 1,23,990 1,55,821 41.58 25.67

Domestic1,06,509 1,13,253 1,20,267 1,51,505 42.25 25.97

International3,552 3,452 3,723 4,316 21.51 15.93

Total Current Deposits31,463 34,629 32,770 40,415 28.45 23.33

Domestic17,287 19,286 18,286 25,754 48.98 40.84

International14,175 15,343 14,484 14,661 3.43 1.22

Share of CASA to Domestic

Deposits (%) 29.97 33.57 34.23 40.46 - -

Share of CASA to Total Deposits

(%) 24.00 26.36 27.62 33.27 - -

Terminal Figures

CASA Deposits (2/2)


Particulars


Total Saving Deposits 1,07,522 1,11,587 1,21,517 1,40,218 30.41 15.39

Domestic1,03,982 1,08,145 1,17,909 1,36,214 31.00 15.52

International3,540 3,443 3,608 4,004 13.11 10.98

Total Current Deposits 29,087 29,717 29,317 33,577 15.44 14.53

Domestic15,057 15,837 16,334 20,333 35.04 24.48

International14,030 13,883 12,983 13,244 (5.60) 2.01

Share of CASA to Domestic

Deposits (%) 28.85 30.62 33.63 37.08 - -

Share of CASA to Total Deposits

(%) 23.27 24.81 27.29 30.33 - -

Average Figures

* Average business data is based on daily averages for the respective quarter.

Income & Expenses


Particulars

(INR crore)Q3 FY 16 Q4 FY 16 FY 16 Q2 FY 17 Q3 FY 17 YOY (%) QOQ(%)

Interest Income 10,614 11,014 44,061 10,485 10,406 (1.96) (0.75)

Other Income 1,113 1,775 4,999 1,562 1,775 59.48 13.64

Total Income 11,727 12,789 49,060 12,047 12,181 3.87 1.11

Interest Expenses 7,909 7,684 31,321 7,059 7,272 (8.05) 3.02

Net Interest Income 2,705 3,330 12,740 3,426 3,134 15.86 (8.52)

Operating Expenses 2,114 2,533 8,923 2,297 2,314 9.46 0.74

Operating Profit 1,704 2,572 8,816 2,690 2,595 52.29 (3.53)

Cost to Income Ratio (%) 55.37 49.61 50.30 46.05 47.14 - -

Profit Position


Particulars


Operating Profit 1,704 2,572 8,816 2,690 2,595 52.29 (3.53)

Total Provisions 5,046 5,803 14,211 2,138 2,342 (53.59) 9.54

Provision for NPA & Bad Debts Written-

off6,474 4,880 13,766 1,630 1,638 (74.70) 0.49

Provision for Standard Advances (373) 183 (258) 118 433 - 266.95

Provision for Depreciation on

Investment30 180 341 39 44 46.67 12.82

Other Provisions (including Provision

for staff welfare)34 1,615 1,665 9 (36) - -

Tax Provisions (1118) (1,055) (1,303) 342 263 - (23.10)

Net Profit (3,342) (3,230) (5,396) 552 253 - (54.17)

Non-Interest Income


Particulars


Commission, Exchange, Brokerage 339 454 1,502 372 370 9.14 (0.54)

Incidental Charges 91 116 382 148 129 41.76 (12.84)

Other Miscellaneous Income 128 110 463 155 133 3.91 (14.19)

FX Profits 241 481 1,252 273 255 5.81 (6.59)

Total Fee Income 799 1,162 3,599 948 887 11.01 (6.43)

Trading Gains – Profit from Sale of

Investments289 509 1,179 546 839 190.31 53.66

Recovery from PWO 24 104 221 68 49 104.17 (27.94)

Total Non-Interest Income 1,113 1,775 4,999 1,562 1,775 59.48 13.64

Non-Interest Income


Total Non-interest Income has increased by 59.48% on YOY basis

Recovery from PWO2%

Incidental Charges

8%

Other Miscellaneous

Income12%

FX Profits22%

Trading Gains26%

Commission, Exchange, Brokerage

30%

Recovery from PWO3%

Incidental Charges

7%

Other Miscellaneous Income

8%

FX Profits14%

Trading Gains47%

Commission, Exchange, Brokerage

21%

Total Non

Interest Income

Q3 FY 16:

INR 1,113 Crore

Total Non

Interest Income

Q3 FY 17:

INR 1,775 Crore

Operating Expenses


Particulars

(INR crore)Q3 FY 16 Q4FY16 FY 16 Q2 FY 17 Q3 FY 17 YOY (%) QOQ(%)

Employee Cost 1,155 1,434 4,978 1,169 1,139 (1.39) (2.57)

Other Operating Expenses 959 1,098 3,945 1,128 1,175 22.52 4.17

Of which:

Rent, Taxes and Lighting208 249 862 257 224 7.69 (12.84)

Printing and Stationery 18 25 82 19 20 11.11 5.26

Depreciation 139 140 501 121 126 (9.35) 4.13

Law charges 10 18 55 14 15 50.00 7.14

Postage, Telegrams, Telephone etc 39 42 154 42 31 (20.51) (26.19)

Repairs and Maintenance to Bank’s

Property116 164 540 154 178 53.45 15.58

Insurance 128 129 490 122 123 (3.91) 0.82

Other Expenditure 301 331 1,127 399 458 52.16 14.79

Operating Expenses 2,114 2,533 8,923 2,297 2,314 9.46 0.74

Performance Ratios


9.5

7

9.0

2

9.3

6

9.2

1

9.0

8

2.0

7

2.3

1

2.4

4

2.6

1

2.6

0

7.0

4

6.9

0

7.2

3

7.2

6

7.2

3

Q3 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 Q3 FY 17

Yield on Advances (%)

Domestic International Global

2.1

1

2.7

0

2.8

0

2.8

5

2.4

9

0.8

7

0.9

2

0.9

8

0.9

8

0.9

8

1.7

2 2.1

5

2.2

3

2.2

9

2.0

6


Net Interest Margin (%)


7.5

1

7.8

1

7.7

9

7.4

9

7.3

6

3.8

0

3.8

4

3.6

6

3.2

5

3.5

1

7.3

0

7.6

0

7.5

0

7.2

1

7.1

4


Yield on Investment (%)


6.7

7

6.6

1

6.2

1

6.2

0

6.0

3

0.9

4

1.0

4

1.0

2

1.1

2

1.1

9

5.0

2

5.0

0

4.6

8

4.7

9

4.7

6


Cost of Deposits (%)


Domestic Gross Credit – By Segment


Retail Credit – By Segment (INR Crore)

24,332 26,548

4,5044,200

2,1672,062

20,725 18,510

Q3FY 16 Q3FY 17

Other Retail loans. Education Auto Home

51,72851,320

% share in Gross Domestic Credit in Q3 FY 17

% share in Gross Domestic Credit in Q3 FY 16

Agriculture16%

Retail19%

MSME20%

Large & Medium 24%

Misc. including Trade21%

Agriculture12%

Retail19%

MSME20%

Large & Medium 24%

Misc. including Trade25%

9.11% YOY growth in Home Loans

Portfolio Exposure by Industry - Domestic Credit


Industry (INR crore)Dec ’15 Mar ’16 Dec ’16

Outstanding % share Outstanding % share Outstanding % share

Infrastructure of which 35,731 13.03 32,955 11.73 27,416 10.18

1. Power of which 19,888 7.25 17,341 6.17 15,269 5.67

a) SEBs 6,293 2.30 3,519 1.25 2,269 0.84

b) Others 13,595 4.96 13,822 4.92 13,000 4.83

2. Telecom 4,850 1.77 4,609 1.64 3,176 1.18

3. Roads & Ports 6,849 2.50 6,444 2.29 4,636 1.72

4. Other Infrastructure 4,144 1.51 4,561 1.62 4,335 1.61

Basic Metals & Metal Industry of which 17,964 6.55 18,063 6.43 16,329 6.07

1. Iron & Steel 14,223 5.19 14,308 5.09 13,162 4.89

Textiles 14,539 5.30 14,834 5.28 12,237 4.55

Petroleum & Petrochemicals 1,703 0.62 1,639 0.58 691 0.26

All Engineering 7,916 2.89 7,714 2.75 6,588 2.45

Food Processing 8,143 2.97 8,382 2.98 1,187 0.44

Chemicals and Chemical Products 6,954 2.54 6,079 2.16 5,690 2.11

Trade 14,253 5.20 13,233 4.71 6,618 2.46

Commercial Real Estate 8,065 2.94 8,365 2.98 4,686 1.74

Home Loans 24,332 8.88 24,975 8.89 26,548 9.86

Auto Loans 4,504 1.64 4,430 1.58 4,200 1.56

Other Retail Loans 22,892 8.35 21,463 7.64 20,572 7.64

Agriculture 34,825 12.70 36,822 13.13 41,595 15.45

Others (Other Industries / Sectors etc) 72,333 26.38 81,961 29.18 94,850 35.23

Total Domestic Advances 2,74,154 100.00 2,80,915 100.00 2,69,207 100.00

Rating Distribution of Credit Portfolio (Domestic)


*External Rating Distribution of Advances above INR 5.0 Cr

42.86%36.88% 40.00% 35.45%

13.22%19.42% 16.33%

18.34%

12.24% 14.45% 14.36% 14.82%

31.69%29.26% 29.32% 31.39%

FY 15 FY 16 Q2 FY 17 Q3 FY 17

A & Above BBB Below BBB Unrated

Capital Adequacy


Particulars Dec ’15 Mar ’16 Sep ’16 Dec ’16

Common Equity Tier I Capital (CET 1) (%) 9.04% 10.29% 10.09% 9.28%

Tier I Capital (%) 9.57% 10.79% 10.59% 10.04%

Tier II Capital (%) 2.61% 2.38% 2.35% 2.51%

Capital to Risk Weight Assets Ratio (CRAR)

(%)12.18% 13.17% 12.94% 12.55%

Common Equity Tier I Capital (CET 1) (INR crore) 34,750 39,555 39,632 36,115

Tier I Capital (INR crore) 36,773 41,474 41,598 39,079

Tier II Capital (INR crore) 10,019 9,170 9,251 9,760

Total Capital (INR crore) 46,792 50,643 50,849 48,839

NPA Movement


Particulars

(INR crore)Q3 FY 16 FY 16 Q2 FY 17 Q3 FY 17 9M,FY17

A. Opening Balance 23,710 16,261 42,991 42,949 40,521

B. Additions 15,785 27,828 2,861 4,135 10,847

Out of which, Fresh

Slippages

15,60326,863 2,252

3,0738,942

C. Reductions 561 3,569 2,903 4,442 8,725

Recovery 311 1,481 1,653 1,345 3,011

Upgradation 14 534 1,034 1,322 2,552

Write-Offs 236 1,554 216 1,775 3,162

Other Adjustments 0 1 0 0 0

Closing Balance 38,934 40,521 42,949 42,642 42,642

Recovery in PWO 24 221 68 48 154

Non Performing Assets


Particulars (INR Crore) Q3 FY 16 FY 16 Q2 FY 17 Q3 FY 17

Gross NPA 38,934 40,521 42,949 42,642

Gross NPA Ratio (%) 9.68 9.99 11.35 11.40

Net NPA 21,806 19,407 19,342 19,006

Net NPA Ratio (%) 5.67 5.06 5.46 5.43

Provision Coverage Ratio(%)

(Including TWO)52.70 60.09 62.95 64.50

Details of Restructured Assets


Particulars

(INR crore)Q3 FY 16 Q4 FY 16 Q2 FY 17 Q3 FY 17

Standard NPA Total Standard NPA Total Standard NPA Total Standard NPA Total

Restructured Accounts

as on Opening Balance 22,930 7240 30,170 17,134 13,582 30,716 14,164 15,645 29,809 13,860 14,604 28,464

Fresh Restructuring +

Increase in Outstanding 657 960 1,617 1,278 316 1,594 2,845 291 3,136 879 631 1,510

Up gradation to Restructured

Standard category 15 (15) 0 413 (413) 0 76 (76) 0 696 (696) 0

Restructured Standard

Advances upgraded to

full Standard advances (53) 0 (53) (225) 0 (225) (2,485) 0 (2,485) (382) 0 (382)

Down gradations of

Restructured accounts (5,796) 5796 0 (2,060) 2,060 0 (136) 136 0 (462) 462 0

Depreciation Write-off +

Decrease in Outstanding +

Closures (618) (399) (1,017) (2,805) (276) (3,081) (604) (1,392) (1,996) (532) (41) (573)

Total Restructured Accounts

as Closing Balance 17,135 13,582 30,717 13,735 15,269 29,004 13,860 14,604 28,464 14,059 14,960 29,019

Details of Impaired Assets


Particulars

(INR crore)Dec ’15 Mar ’16 Sep ’16 Dec ’16

Gross Advances 4,02,073 4,05,517 3,78,258 3,74,075

Gross NPAs 38,934 40,521 42,949 42,642

Net NPAs 21,806 19,406 19,342 19,006

Restructured Standard Assets 17,135 13,735 13,860 14,059

Total Gross NPAs + Restructured

Standard56,069 54,256 56,809 56,701

Total Net NPAs + Restructured Standard 38,941 33,142 33,202 33,065

Gross NPA + Restructured Standard to

Gross Advances (%)13.94 13.38 15.02 15.16

Net NPAs + Restructured Standard to

Gross Advances (%)9.69 8.17 8.78 8.84

Domestic Treasury Highlights: Q3 FY 17


Treasury Non Interest Income stood at the level of INR 1,094 crore in Q3FY

17 and provided good support to Non-Interest Income generation.

As on December 31, 2016, the share of SLR Securities in Total Investment

was 92.26%.

The per cent of SLR Securities to NDTL at December 31, 2016 was at 33.97%.

As on December 31, 2016, the modified duration of AFS investments was 2.56 & that of HTM securities was

5.53.

Total size of the Bank’s Domestic Investment Book as on December 31, 2016 stood at INR 1,70,057 crore.

The Bank had 53.60% of SLR Securities in HTM and 27.14% in AFS at December 31, 2016.

In Q3 FY 17, amount of INR 20.11 croreis towards Depreciation on Investment.

International Presence spanning 107 offices across 24 countries


59 Branches in 15 countries; 8 Subsidiaries having 47 Branches and 1 Representative Office

1 Joint Venture, 1 Associate with 32 branches

Americas

USA

Bahamas

Guyana

Trinidad & Tobago

Europe

UK

Brussels

Africa

Uganda

Kenya

Botswana

Tanzania

South Africa

Mauritius

Mauritius (OBU)

Seychelles

Ghana

Zambia

Middle East

UAE

DIFC

Oman

Bahrain

South East Asia

China

Hong Kong

Singapore

Malaysia

Far East

FijiAustralia

New Zealand Color Codes

• Wholesale business

• Full Banking Centres

• Offshore Banking Units

• Joint Venture

• Associate

Highlights of the International Business


• During Q3, FY17, the Bank’s ‘International Business’ contributed 26.78% to its Total Business.

• Out of the Total International Loan-book, 44.42% comprised Buyers’ Credit/ BP/ BD portfolio where the exposure is on the banks. 24.79% of the exposure is to India

related corporate by way of ECB/ Syndicated Loans

• Exposure to non-Indian entities by way of syndicated loans is at 4.84% and remaining 25.95% exposure is by way of local credit.

• The GNPA (%) for International operations was at 7.77% as on 31st December 2016. Excluding the exposure to India based corporates, the GNPA (%) of the remaining

exposure was at 3.41%.

• The Cost-Income Ratio in International operations was at 23.08% in Q3, FY17.

• In Q3 FY17, the NIM of International operations stood at 0.98%.

• The Outstanding balance of restructured loans in International operations as on December 31, 2016 was at INR 3,707.27 crore, out of which the Standard restructured

loans were at INR 1,548.50 crore.

203.3 176.6 179.2 151.8

136.2125.1 120.5

99.9

FY 15 Q3 FY16 FY 16 Q3 FY17

Deposits Advances

299.7251.68

International Business (INR Thousand Crore)

339.5 301.69

International Operations Asset Liability Management


Deployment: December 2015

Resources: December 2016

Resources: December 2015

Deployment: December 2016

*Ramping up our capabilities in local advances to boost fee based income & improve spreads

Customer Deposit

50%InterBank Deposit

26%

Borrowings8%

Capital6%

Other Liabilities10%

Buyers Credit21% BP BD

2%

Syndication15%

Local Credit16%

Placement40%

Investment4%

Other Assets2%

Customer Deposit

47%

InterBank Deposit

30%

Borrowings9%

Capital5%

Other Liabilities9%

Buyers Credit27%

BP BD2%

Syndication14%

Local Credit16%

Placement36%

Investment4%

Other Assets1%

* Rundown in Local Credit in Dec’16 due to repayment of Loans against FCNR(B) deposits

Bank of Baroda: Our Key Strengths


Established on July 20, 1908, Bank of Baroda is a 108 year old Bank with 59.24% stake held by

the Government of India.

Strong domestic presence through 5,382 branches & 10,404

ATMs and Cash Recyclers supported by self-service

channels

A well recognized brand in the Indian Banking Industry

Subsidiaries and JVs cover entire Financial Spectrum -

Insurance, Asset Management, Capital Markets, Securities

Services

Deep Financial Inclusion Coverage – 25.87 million accounts,

with a total deposits of INR 9,100 crore and average balance

of INR 3,527.

Customer base of ~69.25 million

Well distributed branch network with 34% coverage in Rural,

28% in Semi-urban, 21% Metro and 17% Urban

Usually a net lender in the market, maintaining adequate

liquidity in all business cycle phases

Global presence across 107 offices spanning 24countries

Capital Adequacy Ratio of 12.90% (consolidated) above the

regulatory requirements

Employee strength of 52,675

Shareholding Pattern as on December 31, 2016


Government of India

59.24%

Mutual Funds8.71%

Insurance Companies

12.38%

FIIs & FPIs 11.65%

Indian Public5.06%

Corporate Bodies1.38%

Others1.58%

As on December 31, 2016

Share Capital: INR 460.83 crore

Net worth: INR 31,322 crore

Bank of Baroda is a part of the following Indices:

BSE 100, BSE 200, BSE 500 & Bankex

Nifty, BankNifty, Nifty 100, Nifty 200, Nifty 500

Bank of Baroda’s shares are also listed on BSE and NSE in

the ‘Future and Options’ segment

FII – Foreign Institutional Investors

FPI – Foreign Portfolio Investors

Pan India Presence


Wide Domestic Branch Network

980 989 1008 1156

849 903 933 919

1,273 1,386 1,4251,495

1,7721,912 1,964 1,812

*FY 14 *FY 15 *FY 16 ** Q3 FY 17

Metro Urban Semi Urban Rural

4,8745,190 5,3825,330

ATM Network

*Total : 10,404 ATMs and Cash Recyclers

46 e-lobbies, with 24*7 facilities for cash withdrawal, cash deposit, cheque

deposit, passbook printing and internet banking, were set up during the

quarter, taking the total number of e-lobbies to 326.

*FY14,FY15 and FY16 data as per 2001 census.

** Q3 FY 17 data as per the 2011 census .

Digital Footprint


45.0

56.2

49.7

55.0

43.8

50.3

Q3 FY 15 Q3 FY 16 Q3 FY 17

Fin ADC Txn % Over the Counter Txn %

~28 lakh new Debit cards were issued during Q3 FY 17 out of which 24.53% were issued in

existing accounts. Apart from Debit Cards, the Bank also offers Credit, Forex and Gift

Cards

Product Suite

Mobile Banking Transactions

(YOY growth)Internet Banking Transactions

(YOY growth)

POS/ E-Comm Transactions

(YOY growth)

114.50% 48.45%

199.54 %Unique Customers added during Nov ’16

ATM & CR: 20.91 lakh

POS & E-Comm: 16.86 lakh

315 326 326

493 495 498

0

100

200

300

400

500

600

Oct-16 Nov-16 Dec-16

No of E Lobby No of Express E Lobby

Page I 29

Digital Footprint

Page | 29

Mission Digital launched by the Bank

Education

• 74 Regions has been imparted training for use of ADC products

• Data provided to all business units have Customer insight and products promotion

Ground Team

•2000+ Digital Champions identified for promotions of ADC Products

Visibility

•92 Digital Villages identified

•Branding “Cash less ZindagiBindass Zindagi”

Mission Digital

•Less Cash Society

•Revolution in Digital Payment System

Marketing support extended through promotional campaigns

One of the First Banks to complete re-calibration of ATMs & making them Cash ready

Campaign “Swipe Karo Fly Karo” resulted in 47% increase in average ticket size and 244% increase in spend values

© 2017 Bank of Baroda. All Rights Reserved.

Page I 30Page I 30©2017 Bank of Baroda All Rights Reserved

New Digital Initiatives: Products & Services launched in this Quarter

Mobile Wallet – M Clip

• Transfer Money to any contact saved on Mobile or to Email

• Virtual card - can be used at any e-commerce site for transaction

• Application now available on Android and iOS phones.

• Make Bill Payment, book Bus Ticket

• Make mVisa Payment for QR Code based payment

• Grocery, Discount coupon and Restaurant coupons available for the benefit of customers

• Total Registration till Dec 2016: 95,320

Unified Payment interface

• One App for multiple bank accounts.

• Send and receive money instantly

• Safe and Secure -1 Click two-factor authentication

• Secrecy of account and card details by using Virtual ID and Aadhar Number

• Scan and Pay (QR based payments available)

• Instant mPin generation with Debit card and OTP

• Total Registration till Dec 2016: 40,189

• To Serve Mass Rural Population Bank of Baroda in Collaboration with NPCI has launched Mobile Banking Application for android users.

• Bank of Baroda become India’s First Bank to launch this type of application

• There is no need to of GPRS/Wi-Fi connectivity; this app works on USSD platform after installation.

• Multilingual App and available in 10 different language.

Baroda NUUP Mobile Banking App

Page I 31Page I 31

Details

Bank of Baroda is putting in place partnerships in multiple areas

– startups, MUDRA loans, E-Commerce & fintechs

▪ Key partner in Hon’ble PM’s Standup India and Startup India initiativesStartup Financing

© 2017 Bank of Baroda. All Rights Reserved

▪ Tied-up with UBER, to provide “RAFTAAR Loans” to Driver Partners on UBER platform

▪ After a successful pilot run in Mumbai, UBER product has since been rolled out in other 7 major cities MUDRA Loan

partnerships

▪ Set up a dedicated vertical “Fintech and New Business Initiatives” to execute partnership and channelize innovations.-

the first in the history of any PSB

▪ Started a daily Fintech Newsletter called “BOB FINTALK”

Fintech initiatives

▪ Instituted “The Sayajirao Gaekwad Fellowship Program” to promote Entrepreneurs in diverse fields of Fintech, Agritech,

E- Commerce etc.

▪ Tied up with Deal4Loans to source Housing Loan leads; pilot program underway in NCR

Partnered with Fisdom who has provided Bank of Baroda a personal wealth management app

(BARODA M-INVEST) for the customers. The testing of the application has already started in a closed user

group and application to go live soon.

E-Commerce

initiatives

▪ Partnered with Amazon to offer Seamless and easy credit facilities to sellers on the platform

▪ Currently in discussions with multiple major e/m Commerce players for horizontal collaboration

Established THE FINTECH ALLIANCE – a first of its kind initiative for a PSB – to partner with Fintech companies operating

in diverse areas like SME, Wealth Management, Algorithmic Lending, etc . 11 partnerships already in place

Financial Inclusion (1/2)

Page | 32

2,699

4,2414,925

9,100

1,928 2,1642,391

3,527

Dec '14 Dec '15 Mar '16 Dec '16

Balance/ Average Balance in Financial Inclusion accounts

Balance in Financial Inclusion Accounts (in INR Crore) Average Balance (in INR)

1,820

8,601

11,923

26,374

Dec '14 Dec '15 Mar '16 Dec '16

Transactions – By Amount (in INR Crore)

114

456588

1257

Dec '14 Dec '15 Mar '16 Dec '16

Number of Transactions through Business Correspondents (in Lakh)

140

196 206

259

Dec '14 Dec '15 Mar '16 Dec '16

Total Financial Inclusion Accounts (in Lakh)


Financial Inclusion (2/2)

Page | 33

In Q3 FY 17, Bank has conducted 540 Financial Literacy Programs across 49 Financial Literacy Centers (FLCs) spread across the

country. 17,695 youths have been trained and 7215 youth settled through these programs in FY 16.

Social Security Schemes (Enrolment up to December 31, 2016 in Lakh)

Pradhan Mantri Suraksha Bima Yojana 43.29

Pradhan Mantri Jeevan Jyoti Bima Yojana 15.24

Atal Pension Yojana 2.20

47%

40%

28%22%

17%

23%

FY 15 Q1 FY 16 H1 FY 16 Q3 FY 16 FY 16 Q3 FY 17

Zero Balance Accounts (%)


Project Navoday – Our comprehensive transformation journey continues in execution mode

Collections

& Recovery

Digitization

&

Technology

Analytics

Marketing

& Brand

Building

People &

Organization

Governance

Compliance

& Controls

Risk

Management

Segmented

Business Strategy

Page | 34© 2017 Bank of Baroda. All Rights Reserved

Page | 35

CONSOLIDATED FINANCIALS | Q3 FY 2017


Subsidiaries, Joint Ventures and Associates

Page | 36

Domestic Subsidiaries, Joint Ventures

and Associates

Proportion of

Ownership

Subsidiaries

BOBCARDS Limited 100.00%

BOB Capital Markets Limited 100.00%

Associate Bank

Nainital Bank Limited 98.57%

Joint Ventures

India First Life Insurance Company Limited 44.00%

India Infradebt Limited 30.00%

Associates

Baroda Pioneer Asset Management Company Ltd 49.00%

Baroda Pioneer Trustee Co. Pvt. Limited 49.00%

Regional Rural Banks

Baroda Uttar Pradesh Gramin Bank 35.00%

Baroda Rajasthan Gramin Bank 35.00%

Baroda Gujarat Gramin Bank 35.00%

International Subsidiaries, Joint

Ventures and Associates

Proportion of

Ownership

Subsidiaries

Bank of Baroda (Botswana) Limited 100.00%

Bank of Baroda (Kenya) Limited 86.70%

Bank of Baroda (Uganda) Limited 80.00%

Bank of Baroda (Guyana) Inc 100.00%

Bank of Baroda (New Zealand) Limited 100.00%

Bank of Baroda (Tanzania) Limited 100.00%

Bank of Baroda (Trinidad & Tobago) Limited 100.00%

Bank of Baroda (Ghana) Limited 100.00%

Joint Venture

India International Bank (Malaysia), Berhad 40.00%

Associate

Indo-Zambia Bank Limited 20.00%

Overseas Non-Banking Subsidiary

BOB (UK) Limited 100.00%


Balance Sheet – Consolidated

Page | 37

Particulars

(INR crore)Dec ’15 Mar ’16 Sep ’16 Dec ’16

CAPITAL & LIABILITIES

Capital 462 462 462 462

Reserves & Surplus 41,671 42,041 42,926 43,248

Minority Interest 171 194 221 227

Deposits 6,01,598 5,86,690 5,81,414 6,04,586

Borrowings 33,232 33,845 33,352 32,567

Other Liabilities & Provisions 28,536 27,947 25,752 29,221

T O T A L 7,05,670 6,91,179 6,84,127 7,10,311

ASSETS

Cash and Balances with RBI 23,510 22,811 21,893 29,975

Balances with Banks 1,08,253 1,14,188 1,22,427 1,00,024

Investments 1,54,329 1,28,894 1,45,914 1,89,042

Loans & Advances 3,91,629 3,91,486 3,62,064 3,58,129

Fixed Assets 3,125 6,359 6,125 6,107

Other Assets 24,824 27,441 25,705 27,034

T O T A L 7,05,670 6,91,179 6,84,127 7,10,311


Profit & Loss - Consolidated

Page | 38

Particulars

(INR crore)Q3 FY 16 Q4 FY 16 Q2 FY 17 Q3 FY 17 YOY (%) QOQ (%)

Net Interest Income 2,970 3,574 3,791 3,424 15.29 (9.68)

Non Interest Income 1,427 2,112 1,932 2,039 42.89 5.54

Fee Income 365 480 397 403 10.41 1.51

Premium Income 269 336 269 195 (27.50) (27.51)

Other Income 793 1,296 1,267 1,441 81.72 13.73

Total Income 4,397 5,686 5,723 5,463 24.24 (4.54)

Operating Expenses 2,416 2,857 2,631 2,542 5.215 (3.38)

Operating Profit 1,981 2,829 3,092 2,921 47.45 (5.53)

Provisions 6,066 7,030 2,056 2,249 (62.90) 9.39

Profit before Tax (4,085) (4,201) 1,036 672 - (35.14)

Tax (824) (1,028) 395 316 - (20.00)

Minority Interest 8 10 10 11 37.50 10.00

Share of Earning in Associates (19) 12 20 17 - (15.00)

Profit after Tax (3,288) (3,171) 651 362 - (44.39)


Capital Adequacy - Consolidated

Page | 39

Key ratios (Consolidated) Dec ’15 Mar ’16 Sep ’16 Dec ’16

Return on average Net worth (%) (8.23) (8.25) 1.93 1.07

Weighted average EPS (INR) (14.27) (13.74) 5.19 1.57

Book value (INR) 163.95 143.07 146.73 147.50

Capital Adequacy Ratio (%)- Basel-III 12.66 13.63 13.38 12.90

Total Capital (INR crore) 49,957 53,960 54,139 51,608

Tier I (INR crore) 39,731 44,681 44,780 41,809

Tier II (INR crore) 10,226 9,279 9,359 9,799


Safe Harbor

Page | 40

This presentation has been prepared by Bank of Baroda (the

“Bank”) solely for information purposes, without regard to any

specific objectives, financial situations or informational needs of

any particular person.

Except for the historical information contained herein, statements

in this release which contain words or phrases such as “will”,

“aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will

continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”,

“seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”,

“project”, “should”, “will pursue” and similar expressions or

variations of such expressions may constitute "forward-looking

statements". These forward-looking statements involve a number

of risks, uncertainties and other factors that could cause actual

results to differ materially from those suggested by the forward-

looking statements. These risks and uncertainties include, but are

not limited to our ability to successfully implement our strategy,

future levels of non-performing loans, our growth and expansion,

the adequacy of our allowance for credit losses, our provisioning

policies, technological changes, investment income, cash flow

projections, our exposure to market risks as well as other risks.

Bank of Baroda undertakes no obligation to update the forward-

looking statements to reflect events or circumstances after the

date thereof.

Note: All financial numbers in the presentation are from Audited

Financials or Limited Reviewed financials or based on

Management estimates.


Thank You

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